XRP ETFs Lock Over 992 Million Tokens Amid Institutional Resilience

The amount of XRP locked out of circulation has surpassed nearly 992.5 million tokens as institutions continue to hold onto the asset, despite its recent price decline.

This development comes after a sharp drop in XRP's daily close, but instead of being associated with Ripple, it is driven by growing demand from investors accessing XRP through ETF products.

The seven XRP ETFs have collectively locked about 992.5 million XRP as of Thursday, August 13, and cumulative net inflows across all existing XRP ETFs now stand at a massive $1.51 billion.